SALT LAKE CITY (AP) — Utah can enforce its strict anti-gambling laws on prediction markets such as Kalshi and Polymarket, a federal judge ruled in a win for states seeking to rein in the popular betting platforms.
Utah has been on the front lines of a battle between states and the federal government over who regulates the markets and whether they should be considered finance or gambling. The legal landscape is fragmented, with state and federal courts blocking restrictions in several states and allowing them in others.
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